The Haryana government has initiated a high-level investigation into the allotment of an affordable housing project in Sector 36, Sohna. The move comes after it was discovered that all 708 residential units were allotted exclusively to applicants from Sohna, sparking concerns about fairness and transparency in the e-draw process.
In a decisive move to uphold transparency and regulatory compliance in the real estate sector, the Haryana Real Estate Regulatory Authority (HARERA) has imposed a hefty fine of Rs 50 lakh on M/s Birla Estates Private Limited. The fine stems from violations under Section 3 of the Real Estate (Regulation and Development) Act, 2016, which strictly prohibits promoters from advertising or selling real estate projects without securing the necessary approvals and registrations.
Delhi-NCR and Gurugram are facing severe air pollution as the Air Quality Index (AQI) drops into the 'very poor' category. To combat rising pollution levels, the Commission for Air Quality Management (CAQM) has enforced GRAP-III restrictions under the Graded Response Action Plan (GRAP) to curb emissions and protect public health.
The real estate market is constantly evolving, influenced by economic shifts, buyer preferences, and technological advancements. As we step into 2025, here are the top trends shaping the industry.
The National Company Law Appellate Tribunal (NCLAT) has instructed real estate developer Supertech to clear the December salaries of approximately 300 employees. This directive comes as part of ongoing insolvency proceedings, highlighting the challenges faced by the troubled real estate firm.
In the much-anticipated Union Budget 2025, Finance Minister Nirmala Sitharaman has announced a groundbreaking proposal that will bring immense relief to the middle class. The government has decided to introduce a significant tax break for individuals earning up to ₹12.75 lakh annually by making their income tax liability ZERO.